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December 14, 2016

[Video] Will I get funding if I don’t work full time after the investment? – Bobby’s Minute, ep. 78

Let me ask you something: if you don’t trust that your company will make it, why should an investor do it?

Also, you may want to know how much money to ask in the seed round.

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Transcript:

Do VCs ever fund a start-up where the founders will not work full time after the investment? Never. Or, I can’t really say never because there might be exceptions to that, but my experience is that a VC funds your company because it trusts your vision and trust that you believe you can make the company work and not working full-time once you get investment, shows that you don’t really believe that the company will be a success.

Either that or you’re asking for an investment that doesn’t cover a living salary for you, which is another bad sign. It shows that you’re not capable of understanding how much money you actually need to go forward. If you actually believe that the company is going to be a success and the business plan is good and the investment money that you get actually cover living salary for you, why the hell shouldn’t you be involved full time in your startup? Why should a VC trust you when it’s obvious that you don’t trust that the company is going to be a success?

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